Barclays brand to exit Kenya as UK lender reaches stock sale plan

Barclays Bank of Kenya. (Photo: Courtesy)

Barclays Kenya is set for a major re-organisation after the UK banking giant reached an agreement on the sale of its controlling stake in Barclays Africa Group Ltd (BAGL).

The agreement will see the Barclays brand fade from the market over the next three years after more than 100 years in the local banking industry.